World wine output set for modest 2025 recovery: industry body

Yahoo Finance
2025.11.12 08:31
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Global wine production is expected to recover modestly in 2025, reaching approximately 232 million hectolitres, a 3% increase from 2024. Despite this rebound, output remains below recent averages due to climate change and shifting consumer habits. The European Union, responsible for 60% of production, faces significant climatic challenges, while southern producers like South Africa and Australia show moderate recovery. Overall, the industry sees a more balanced supply-demand situation, supporting stronger export pricing, despite declining global consumption.